Important Deadline End In July: The month of July is going on, during this time the deadline for many important works is going to expire. If you deal with money, then you should settle this work in this month.
Important Deadline End In July 2023: Some works are such that it is very important to get them done in time, otherwise there will be big problems later. The month of July is going on. The deadline for many works is going to end in this month. Like the last date for filing income tax return is 31 July 2023.
In such a situation, you should get this important work done in time. Especially those who do transactions related to money, it is important to know what are these important tasks. Know here which work needs to be completed in July 2023.
File income tax return
The last date for filing income tax return for the financial year 2023 has been fixed as 31 July 2023. If you file ITR after this, then you will have to pay the penalty. The deadline for filing late income tax return with penalty is 31 December 2023. If you do not file ITR by this time, then you will not be able to file the return.
Delayed ITR
If you file ITR after 31st July and before 31st December, it is called belated ITR. Penalty has to be paid for late ITR filing. Apart from this, according to the current income tax rules, ITR will have to be verified. ITR verification has to be done within 30 days.
Don’t know how much will be the penalty
If you do not file ITR till 31st July then you can do this work till 31st December. For this you will have to pay a fine of Rs 5,000. If your income is less than Rs 5 lakh, then you will have to pay a fine of Rs 1,000 only.
